401k Plan data: TRANSPHORM 401K PLAN plan

TRANSPHORM 401K PLAN 401k Plan overview

Plan Name	TRANSPHORM 401K PLAN
Plan identification number	001

TRANSPHORM 401K PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

TRANSPHORM, INC. has sponsored the creation of one or more 401k plans.

Company Name: TRANSPHORM, INC.

Employer identification number (EIN): 208695296

NAIC Classification: 334410

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TRANSPHORM 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 RANDY BERG 2023-08-17
001 2021-01-01 RANDY BERG 2022-05-05
001 2020-01-01 RANDY BERG 2021-02-10
001 2019-01-01 RANDY BERG 2020-02-20
001 2018-01-01 RANDY BERG 2019-08-28
001 2017-01-01 RANDY BERG 2018-09-07
001 2016-01-01 RANDY BERG 2017-09-11
001 2015-01-01 RCBERG 2016-06-07
001 2014-01-01 NATE CHRISTENSEN
001 2013-01-01 NATE CHRISTENSEN
001 2012-01-01 NATE CHRISTENSEN 2013-07-22
001 2011-01-01 NAPOLEON HUEY 2012-05-15
001 2010-01-01 NAPOLEON HUEY 2011-05-19

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01	RANDY BERG	2023-08-17
001	2021-01-01	RANDY BERG	2022-05-05
001	2020-01-01	RANDY BERG	2021-02-10
001	2019-01-01	RANDY BERG	2020-02-20
001	2018-01-01	RANDY BERG	2019-08-28
001	2017-01-01	RANDY BERG	2018-09-07
001	2016-01-01	RANDY BERG	2017-09-11
001	2015-01-01	RCBERG	2016-06-07
001	2014-01-01	NATE CHRISTENSEN
001	2013-01-01	NATE CHRISTENSEN
001	2012-01-01	NATE CHRISTENSEN	2013-07-22
001	2011-01-01	NAPOLEON HUEY	2012-05-15
001	2010-01-01	NAPOLEON HUEY	2011-05-19

Plan Statistics for TRANSPHORM 401K PLAN

401k plan membership statisitcs for TRANSPHORM 401K PLAN

Measure Date Value
2014: TRANSPHORM 401K PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 124
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 87
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 10
Total of all active and inactive participants 2014-01-01 97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 97
Number of participants with account balances 2014-01-01 48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: TRANSPHORM 401K PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 127
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 114
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 7
Total of all active and inactive participants 2013-01-01 121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 121
Number of participants with account balances 2013-01-01 43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0

Measure	Date	Value
2014: TRANSPHORM 401K PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	124
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	87
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	10
Total of all active and inactive participants	2014-01-01	97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	97
Number of participants with account balances	2014-01-01	48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: TRANSPHORM 401K PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	127
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	114
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	7
Total of all active and inactive participants	2013-01-01	121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	121
Number of participants with account balances	2013-01-01	43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0

Financial Data on TRANSPHORM 401K PLAN

Measure	Date	Value
2014 : TRANSPHORM 401K PLAN 2014 401k financial data
Total income from all sources (including contributions)	2014-12-31	$493,425
Total of all expenses incurred	2014-12-31	$486,414
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$415,514
Value of total corrective distributions	2014-12-31	$56,975
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$390,506
Value of total assets at end of year	2014-12-31	$1,899,166
Value of total assets at beginning of year	2014-12-31	$1,892,155
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$13,925
Total interest from all sources	2014-12-31	$360
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Administrative expenses professional fees incurred	2014-12-31	$100
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$150,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$372,824
Participant contributions at end of year	2014-12-31	$5,299
Participant contributions at beginning of year	2014-12-31	$11,347
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$17,682
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$7,011
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$1,899,166
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$1,892,155
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Investment advisory and management fees	2014-12-31	$13,825
Value of interest in pooled separate accounts at end of year	2014-12-31	$1,893,867
Value of interest in pooled separate accounts at beginning of year	2014-12-31	$1,880,808
Income. Interest from loans (other than to participants)	2014-12-31	$360
Net investment gain/loss from pooled separate accounts	2014-12-31	$102,559
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$415,514
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	SINGERLEWAK
Accountancy firm EIN	2014-12-31	952302617
2013 : TRANSPHORM 401K PLAN 2013 401k financial data
Total income from all sources (including contributions)	2013-12-31	$698,840
Total of all expenses incurred	2013-12-31	$140,480
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$74,647
Value of total corrective distributions	2013-12-31	$50,733
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$389,030
Value of total assets at end of year	2013-12-31	$1,892,155
Value of total assets at beginning of year	2013-12-31	$1,333,795
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$15,100
Total interest from all sources	2013-12-31	$448
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Administrative expenses professional fees incurred	2013-12-31	$150
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$150,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$389,030
Participant contributions at end of year	2013-12-31	$11,347
Participant contributions at beginning of year	2013-12-31	$10,696
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$558,360
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$1,892,155
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$1,333,795
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Investment advisory and management fees	2013-12-31	$14,950
Value of interest in pooled separate accounts at end of year	2013-12-31	$1,880,808
Value of interest in pooled separate accounts at beginning of year	2013-12-31	$1,323,099
Interest on participant loans	2013-12-31	$448
Net investment gain/loss from pooled separate accounts	2013-12-31	$309,362
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$74,647
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	SINGERLEWAK LLP
Accountancy firm EIN	2013-12-31	952302617

Form 5500 Responses for TRANSPHORM 401K PLAN

2014: TRANSPHORM 401K PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: TRANSPHORM 401K PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

600157-000

Policy instance

Insurance contract or identification number	600157-000
Number of Individuals Covered	48
Insurance policy start date	2014-01-01
Insurance policy end date	2014-12-31
Total amount of commissions paid to insurance broker	USD $9,266
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $4,242
Insurance broker organization code?	3
Insurance broker name	ARTHUR G HORNER

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

600157-000

Policy instance

Insurance contract or identification number	600157-000
Number of Individuals Covered	43
Insurance policy start date	2013-01-01
Insurance policy end date	2013-12-31
Total amount of commissions paid to insurance broker	USD $7,771
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $1,744
Insurance broker organization code?	3
Insurance broker name	WS INSURANCE SERVICES LLC

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Company Name:	TRANSPHORM, INC.
Employer identification number (EIN):	208695296
NAIC Classification:	334410